After a brief medical hiatus, I am back to (limited) blogging, just in time for the Bilderberg 2010 weekend in Spain. Isn’t it interesting how the meetings take place in the epicenter of each new spec-bubble collapse?

Vienna Virginia in 2008…
Greece in 2009…

And this weekend in balmy Sitges Spain, the country with the world’s highest unemployment at 20%, a testament to the Bilderberg alumni’s vision of a global entitlement state of medicated serfs, populated by a new generation of global “mileuristas”.

Here, Bilderberg regulars such as Ben Bernanke and EU Commissioner on monetary affairs, Joaquin Almunia can exchange the secret family crepes recipes under a security detail that would make Obama’s CIA entourage blush. The helicopters circling overhead, and the hundreds of police stationed at every intersection within miles of the Hotel Dolce Sitges are preparing in advance of the “lockdown” order … to preserve the culinary secrets of the master chefs of the ”intellectual elite and world bankers” as they prepare for this year’s heavily guarded recipe swap.

They won’t be talking about the fate of fiat currencies, or the unstoppable implosion of Banco Santander and it’s Inter-Alpha Group speculation protection racket.

Unlike last year, when they didn’t discuss the results of the 24 trillion dollar bailout of dollar denominated speculative positions on fraudulently rated CDO and MBS derivatives, this year they won’t be discussing the contagion of sovereign defaults, from Europe to the USA and how it cannot possibly usher in a new supra-national sovereignty under a fascist, corporatist, carbon control Plutocracy.

Instead, they’ll be basking in the early summer sun of a Rivieran paradise, under the looming weight of its leveraged virtual wealth which the global elite have covered the collapse of in both directions, as they depart …

But until then, they’ll probably be discussing the origin of the cracked pepper in the gazpacho, and the texture of the fine parchment covering the poached Mediterranean trout filets.

Bon apetit assholes. When your palates tire of such subtle delicacies, stop on over for some Cajun style cream of crab oil slick and some shrimp and tarball etouffe. That ought to get those taste buds charged up and ready for the stacks of Euro’s you’ll be eating (and burning in your fireplaces) this winter.

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